Mary Immaculate Hospital

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

Darlene Stephenson

Phone

7578866000

Tax Period

2017-09-01 to 2018-08-31

Mary Immaculate Hospital, founded in 1956, is a major nonprofit that reported $187.0M in total revenue in fiscal year 2017. Expenses of $162.8M left a modest 13% surplus.

Mission

The mission is to bring compassion to health care and to be good help to those in need, especially those who are poor and dying. As a system of caregivers, we commit ourselves to help bring people and communities to health and wholeness.

Program Service Accomplishments

Program 1

Expenses: $152,739,489 Revenue: $182,286,827

Mary Immaculate Hospital provides medical care to patients without regard to their ability to pay. Among the major services provided to the residents of Hampton Roads, three major areas of focus are orthopedics, general surgery and women's health. In addition, Mary Immaculate provides support for community services. Please see Schedule H for additional information regarding programs, community benefit programs and Charity Care.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $362,134

Program Service Revenue $181,805,026

Investment Income $3,473,120

Other Revenue $1,313,148

TOTAL REVENUE $186,953,428

Expense Breakdown

Grants Paid $87,853

Salaries & Benefits $54,101,214

Fundraising Expenses $0

Program Expenses $152,739,489

Other Expenses $108,568,016

TOTAL EXPENSES $162,757,083

Year-over-Year Comparison

	2017	2016	Change
Revenue	$186,953,428	$180,783,080	+0.0%
Expenses	$162,757,083	$165,269,768	0.0%
Net Income	$24,196,345	$15,513,312	+0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1067

Volunteers

125

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,780,614

Total Directors

$5,949,752

Key Employees

$822,465

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Anthony FNP	Board Member	2.00	Director	$0	$0	$0
Toni Ardabell	Board Member, CEO-VA (Beg 05/18)	2.00	Director	$0	$107,752	$1,657,798
James Bento	Board Member	2.00	Director	$0	$0	$0
Robert Bray	Board Member (End 03/18)	2.00	Director	$0	$0	$0
Bruce Britton MD	Board Member	2.00	Director	$0	$0	$0
Brother Arthur Caliman	President - BSHR/DMC/MMC/MNCC	2.00	Officer Director	$0	$0	$0
Arthur Collins	Chairman	3.00	Officer Director	$0	$0	$0
Sister Elaine Davia	Board Member	2.00	Director	$0	$0	$0
Timothy Davis	Board Member	2.00	Director	$0	$36,690	$1,396,559
Charlette Fairchild PhD	Board Member	2.00	Director	$0	$0	$0
Gabriel Franco	Board Member (End 06/18)	2.00	Director	$0	$0	$0
Vincent Joseph DC	Board Member	2.00	Director	$0	$0	$0
Michael Kerner	Secretary/CEO-BSHR (End 09/17)	14.00	Officer Director	$0	$106,562	$1,188,630
Shelley Mishoe	Board Member	2.00	Director	$0	$0	$0
Jeffrey Morrison DO	Board Member	2.00	Director	$0	$0	$5,000
Mark Nantz	Secretary/Interim CEO-BSHR (End 05/18)	2.00	Officer Director	$0	$147,147	$1,701,765
William Pile	Board Member	2.00	Director	$0	$0	$0
Cynthia Romero MD	Board Member	2.00	Director	$0	$0	$0
Rodrigo Romulo MD	Board Member	2.00	Director	$0	$0	$0
Stephanie Short CCIM	Board Member	2.00	Director	$0	$0	$0
Douglas Ziegenfuss PhD	Board Member	2.00	Director	$0	$0	$0
Sr David Ann Niski	Board Member	2.00	Director	$0	$0	$0
Amy Carrier	Secretary (Beg 05/18)	2.00	Officer	$0	$0	$0
Stephan Quiriconi	Treasurer (Beg 12/17)	2.00	Officer	$0	$16,253	$476,872
Darlene Stephenson	CEO - MIH	47.50	Officer	$0	$36,096	$413,347
Michael Dooley	Interim VP Finance (End 09/17)	2.00	Officer	$0	$0	$0
Vickie Humphries	VP of Human Resources	15.00	Key Emp	$0	$23,235	$244,768
James McNamara	VP of Ortho	7.00	Key Emp	$0	$22,630	$301,024
Terri Spence	VP & Regional CIO	15.00	Key Emp	$0	$32,653	$276,673
Jason Andre MD	Vascular Surgeon	50.00	Highest	$390,262	$41,484	$431,746
Steven Griswold MD	Geriatrician	50.00	Highest	$194,503	$38,335	$232,838
Edward Pak DO	Internist	50.00	Highest	$328,909	$10,800	$339,709
Karren Witt	RN	50.00	Highest	$177,739	$36,745	$214,484
Anthony Terracina MD	General Surgeon	50.00	Highest	$1,299,324	$43,086	$1,342,410
Patricia Robertson	Former CEO MIH	0.00		$0	$29,078	$428,435

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2018	$186,953,428	$162,757,083	$281,791,124	$24,196,345